Maruti Suzuki increases price of models; Vitara Brezza's by Rs 20k

The company, informed in a BSE filing, that the price revision is based on factors like segment wise demand, forex movements and strategic objectives of the company. This price increase is effective from August 1, 2016.ETAuto | August 01, 2016, 17:24 IST

NEW DELHI: India's largest car manufacturer Maruti Suzuki has increased prices of its select models ranging from R 1,500 - Rs 5,000 (ex showroom Delhi). In case of newly launched models like Vitara Brezza and Baleno, the prices are being increased by up to Rs 20,000 and up to Rs 10,000 respectively.

The company, informed in a BSE filing, that the price revision is based on factors like segment wise demand, forex movements and strategic objectives of the company. This price increase is effective from August 1, 2016.

The company's domestic sales witnessed an increase of 13.9 percent and stood at 1,25,778 units for the month of July 2016 as against 1,10,405 units during July 2015. This is the company’s highest ever sales in a month in the domestic market. Maruti Suzuki exported 11,338 units last month, registering a marginal growth of 0.3 percent.

Last month, the company's total sales (domestic+export) stood at 1,37,116 units when compared with 1,21,712 units, thus witnessing positive growth of 12.7 percent.